Insurance
Thread Starter
Junior Member
Joined: Dec 2021
Posts: 37
Likes: 11
EQS 580
Insurance
Hello - I'm curious who folks use for auto insurance once you get into cars at the $150K range. I've been with Geico forever, and switching my coverage from my 2015 Tesla to a 2022 580 only raised my rates by about $100 / 6 months. Overall - I've been happy with Geico. I had one minor at-fault accident with my tesla, and they handled the repair payments without any fuss. But I'm also just concerned about how they'd react to a major issue with a $150K car. I got a quote from Chubb (they do our homeowners) and it was almost $8K / year (because of the one at-fault accident). So that's a huge jump from what Geico is.
What do you all use? Did any of you change carriers after getting your EQS?
What do you all use? Did any of you change carriers after getting your EQS?
MBWorld Fanatic!
Joined: Jun 2010
Posts: 2,757
Likes: 957
From: Atlanta
2022 Mercedes EQS 580
Hello - I'm curious who folks use for auto insurance once you get into cars at the $150K range. I've been with Geico forever, and switching my coverage from my 2015 Tesla to a 2022 580 only raised my rates by about $100 / 6 months. Overall - I've been happy with Geico. I had one minor at-fault accident with my tesla, and they handled the repair payments without any fuss. But I'm also just concerned about how they'd react to a major issue with a $150K car. I got a quote from Chubb (they do our homeowners) and it was almost $8K / year (because of the one at-fault accident). So that's a huge jump from what Geico is.
What do you all use? Did any of you change carriers after getting your EQS?
What do you all use? Did any of you change carriers after getting your EQS?
Geico was the insurance company. They paid to do the repair at a Mercedes authorized body shop with all Mercedes parts and in addition paid me $12k in diminished value.
right now I use progressive because Geico jacked up the rates after that.
MBWorld God!
Joined: Jul 2010
Posts: 31,277
Likes: 3,916
From: on my way
2012 CLS63
back in 2018 I had an accident in my wife’s E63 which was a brand new $133k car. So basically $150 in today’s money.
Geico was the insurance company. They paid to do the repair at a Mercedes authorized body shop with all Mercedes parts and in addition paid me $12k in diminished value.
right now I use progressive because Geico jacked up the rates after that.
Geico was the insurance company. They paid to do the repair at a Mercedes authorized body shop with all Mercedes parts and in addition paid me $12k in diminished value.
right now I use progressive because Geico jacked up the rates after that.
I promptly cancelled the policy and went to Progressive that same day. WHY would I have continued to do business with them after that??
Insurance salesmen/companies make me so sick.
MBWorld Fanatic!
Joined: Jun 2010
Posts: 2,757
Likes: 957
From: Atlanta
2022 Mercedes EQS 580
I had state farm until they DROPPED my CLS because someone ELSE backed into my front end......I didn't even MAKE CLAIM......they said 'we'll continue covering your other cars and your HOUSE, but we can't cover your Mercedes Benz anymore'.
I promptly cancelled the policy and went to Progressive that same day. WHY would I have continued to do business with them after that??
Insurance salesmen/companies make me so sick.
I promptly cancelled the policy and went to Progressive that same day. WHY would I have continued to do business with them after that??
Insurance salesmen/companies make me so sick.
MBWorld Fanatic!
Joined: Jun 2010
Posts: 2,757
Likes: 957
From: Atlanta
2022 Mercedes EQS 580
I switched from a Panamera Turbo S which was both higher performance and more expensive than my EQS.
